Linde has been upgraded to A in MSCI’s ESG Ratings assessment, on a scale of CCC to AAA.

The improvement from BBB was mainly attributed to the company’s comprehensive decarbonisation strategy, including its initiatives to reduce its greenhouse gas emissions intensity by 35% and double the annual purchase of renewable power by 2028, Linde explained in a statement.

MSCI ESG Ratings measure companies according to industry-specific exposure to environmental, social and governance (ESG) risks and their ability to manage them.

“Linde is helping its customers to avoid more than two times the emissions of our own operations through the application of our technologies and solutions,” said Riva Krut, Vice-President and Chief Sustainability Officer at Linde.

“We appreciate this upgrade as we continue developing our leading position and technologies in fields such as clean hydrogen, and making our world more productive.”

In addition to its upgrade from MSCI, Linde recently received several recognitions for its leadership in ESG including Silver Class distinction in The Sustainability Yearbook 2020, published by S&P Global in collaboration with RobecoSAM, and inclusion in the 100 Best Corporate Citizens 2020 list.

Linde is a member of the Ethibel Sustainability Index, the Dow Jones Sustainability World Index and the FTSE4Good Index Series.